71 Valley St - Medical FOR SALE


South Orange, NJ 07079
$1,995,000 USD
301-332-2775
71 Valley St, South Orange, NJ for Sale
$1,995,000 USD
Medical - FOR SALE
1/13
null | 6.55% Cap Rate

71 Valley St
South Orange, NJ 07079


OVERVIEW

Wonderful office building. About 15,000 SF, with 11 tenancies. Spacious underground parking, with an elevator as well. Wonderful paying tenants, who pay their percentage portion of utilities. Building has recently been retrofitted with all LED lights, and brand new electrical panels. Building is almost fully occupied, other than a small 700 SF space, which is beautifully renovated and ready for occupancy. Tax appeal is pending as well (this property is currently assessed for and paying property taxes on a value of over 2.7 million dollars).

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Orange Village Professional Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B-A1

APN/PARCEL ID

19-01906-0000-00010

ASK ABOUT THIS PROPERTY

Ethan KhaldarMountain EquitiesMore Info
301-332-2775

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Ethan KhaldarMountain EquitiesMore Info
301-332-2775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.